Jindal Steel & Power Ltd (JINDALSTEL)

Jindal Steel & Power Hits Record High Amid Strong Financials - 17 May, 2024

Jindal Steel & Power's consolidated net profit zoomed 100.5% in the March 2024 quarter, while its stock has delivered 547.78% returns in five years. Motilal Oswal recommends a buy rating on the stock with a target price of INR 1090.

Jindal Steel & Power Rises for Fifth Straight Session - 16 May, 2024

Jindal Steel & Power Ltd continues its upward trend, rising for the fifth consecutive session by 0.95% to trade at Rs 1003 on NSE. The stock has added around 10.72% in the last one month and is up 88.5% in the last one year.

JSPL Capacity Expansion Drives Growth Amidst China Threat - 15 May, 2024

Jindal Steel & Power Ltd's (JSPL) capacity expansion is set to drive significant growth in volumes and EBITDA over FY24-FY26. Despite a strong Q4 report, JSPL faces challenges in meeting execution timelines and finding lucrative markets for increased capacity without sacrificing margins. Analysts remain bullish on JSPL amidst India's projected growth of 8%, despite excess Chinese capacity spilling into the Indian market.

JSPL Reports Strong Q4 Results - 14 May, 2024

Jindal Steel & Power Ltd (JSPL) reported strong Q4 results driven by robust domestic demand and high steel prices. Several analysts raised their earnings estimates for the company, while shares soared 4.31%. The company's management expects better volumes in FY25.

JSPL Reports Robust Q4 Results - 13 May, 2024

Jindal Steel & Power Ltd (JSPL) reported a consolidated net profit of Rs. 933 crore for Q4 FY24, up 100% YoY. The company also announced a final dividend of Rs. 2 per share for FY23-24. Despite a drop in revenue from operations, JSPL's input costs eased nearly 15% in Q4FY24. The company's EBITDA increased 11.8% to Rs. 2,445 crore in Q4 FY24 over the previous fiscal year.

Jindal Steel & Power Explores Defence Material Market - 09 May, 2024

Jindal Steel & Power is exploring the defence material market with its specialised steel for shipbuilding and missiles manufacturing. The company has signed an MoU with the Indian Coast Guard to enhance indigenous content in shipbuilding, including supply of marine-grade steel. Jindal has also developed special alloy steel sheets that can withstand high pressure and temperature during flight for the Supersonic Missile-Assisted Release of Torpedo system.

Jindal Steel & Power Signs MoU for Marine-Grade Steel Supply - 08 May, 2024

Jindal Steel & Power has signed an MoU with the Indian Coast Guard to supply indigenous marine-grade steel, leading to a 2.13% increase in share prices. The partnership aims to enhance indigenization efforts and promote self-reliance in shipbuilding.

Jindal Steel & Power Shows Positive Technical Signals - 02 May, 2024

Jindal Steel & Power's stock is showing positive technical signals on its daily chart, with a sturdy support zone near Rs 904 levels and resistance around Rs 947 levels. Analysts suggest initiating positions via an option strategy for a gradual price rise towards the target price of Rs 965.

ICICI Securities Recommends Buy Call on Jindal Steel & Power - 22 Apr, 2024

ICICI Securities has recommended a buy call on Jindal Steel & Power with a target price of Rs 985. The company reported a net profit after tax of Rs 1927.87 crore in the latest quarter, and promoters held 61.2% stake in the company as of March 31, 2024.

Jindal Steel & Power Ltd Stock Up by 27% in Three Months - 20 Apr, 2024

Jindal Steel & Power Ltd stock has seen a significant increase of 27% over the past three months. The company's financials may have played a role in this price change, with ROE being studied as a potential factor.

Jindal Steel & Power Ltd Rises for Third Straight Session - 19 Apr, 2024

Jindal Steel & Power Ltd's stock continues to rise, adding 1.72% on the day and 17.77% in the last month. The company has a PE of 18.9 based on TTM earnings ending December 23.

Jindal Steel & Power Shares Reach Record High - 18 Apr, 2024

Shares of Jindal Steel & Power rose nearly 4% to a record high of Rs 935.50 on BSE, with a market cap of Rs 94,347 crore. The stock has risen 25% since the beginning of this year and delivered multibagger returns of 123.39% in the last three years. Brokerage Anand Rathi expects the stock to hit a target of Rs 1,070 in a year and has initiated coverage on the metal stock with a buy call.